Squawk on the Street

Latest Episodes:

New Record High for the Dow ... But Tech Under Pressure As Citi Downgrades Facebook and Alphabet, Dogecoin Plummets Following Elon Musk's SNL Appearance, Pipeline Cyberattack Effect on Oil Prices, The Reopening Trade, and CNBC Returns to the NYSE May 10, 2021

Show notes

Carl Quintanilla, Jim Cramer and David Faber began a new week with a look at tech stocks under pressure, after Citi downgraded Facebook and Google parent Alphabet to neutral. But that news didn't stop the Dow from hitting a new all-time intraday high -- as money rotates out of tech into industrials and other sectors. The anchors reacted to what ARK CEO Cathie Wood told CNBC about how such rotation has taken a toll on the performance of her firm's Innovation ETF. Elon Musk's mention of Dogecoin during his appearance on Saturday Night Live sent the cryptocurrency plummeting -- at one point losing more than a third of its value on Sunday. The anchors explored the upward momentum in Ethereum, as well as the mindset of the Robinhood cohort/new group of investors -- what they're buying and what they're shunning. Also in focus: Oil prices react to Friday's cybersecurity attack on the Colonial Pipeline – the country's largest fuel pipeline, and earnings winners and losers including Marriott and what the hotel giant is saying about its quarterly results and booking demand amid the pandemic. CNBC returns to the NYSE for the first time since the pandemic began. At the "Big Board", Bob Pisani interviewed NYSE President Stacey Cunningham about the exchange adjusting its COVID health and safety protocols -- easing restrictions on the trading floor and welcoming the return of media outlets. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Big April Jobs Miss: Payrolls Up 266,000. Economists Were Expecting a Gain of One Million. What Happened? Labor Secretary Walsh With Biden Administration Reaction to the Numbers and Thoughts on the Recovery May 07, 2021

Show notes

Carl Quintanilla, Jim Cramer and David Faber took a deep dive into the April employment report and what it could mean for the recovery and the markets. 266,000 non-farm jobs were added, well below the one million jobs economists had been expecting. The unemployment rate rose to 6.1-percent, but more people entered the workforce in April. The debate has intensified: Are government unemployment benefits giving potential workers an incentive to stay home? That's one of the questions the anchors asked U.S. Labor Secretary Marty Walsh when he appeared on the program to discuss the jobs report, labor shortages and the recovery. It was a good morning for tech stocks as shares of Peloton, Square and Roku rose sharply in reaction to their quarterly results -- Peloton up despite lowered guidance in wake of its treadmill recall. Carl, Jim and David also reacted to what SEC Chairman Gary Gensler told CNBC about the Archegos fallout and regulating Bitcoin -- this ahead of Elon Musk's scheduled guest host appearance on "Saturday Night Live". The watch is on to see what Musk might say on SNL about cryptocurrency. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

The Reopening Trade: Uber's Revenue Miss, Vaccine Makers Tumble and Peloton After the Sell-off. Earnings Winners and Losers from ViacomCBS and PayPal to Etsy ... Plus "Reunited and It Feels So Good!" May 06, 2021

Show notes

Carl Quintanilla, Jim Cramer and David Faber took a wide-ranging look at the reopening trade: Uber shares under pressure after the company reported a revenue miss, vaccine makers such as Pfizer, BioNTech and Moderna saw their shares take a hit after the Biden Administration announced that it supports waiving intellectual property protections for COVID-19 vaccines, and Peloton trying to rebound one day after announcing voluntary recalls of its treadmill machines over safety concerns. The anchors also reacted to comments made to CNBC by Uber CEO Dara Khosrowshahi and Pfizer CEO Albert Bourla. Lots of reaction to earnings from the likes of ViacomCBS, PayPal, Kellogg, and Etsy. That also goes for Norwegian Cruise Line -- the company says "a potential mid-summer restart from U.S. ports could be in jeopardy" depending on talks with the CDC. The anchors also engaged in a lively discussion about the run-up in cryptocurrencies such as Ethereum -- and what PayPal CEO Dan Schulman said about his company's crypto strategy. The hour ends with more on the economic reopening: Carl, Jim and David spoke about how they finally got together for the first time in 14 months -- at Cramer's restaurant in Brooklyn. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Facebook Oversight Board Upholds Trump Ban, The Morning After the Tech Sell-off, Secretary Yellen Backtracks on Rate Hike Comments, Equinox SPAC Talks, and the CEO of UBS on the Archegos Fallout May 05, 2021

Show notes

Carl Quintanilla, Jim Cramer and David Faber led off the show with breaking news: Facebook's Oversight Board has ruled to uphold the social media network's decision to ban former President Donald Trump from the site. But the board also ruled it was not appropriate for Facebook to impose an indefinite suspension, adding the company must review the matter within six months. The anchors explored the ramifications of the ruling, including what it means for the social media landscape and Facebook's stock. Also in focus: What's next for tech stocks after Tuesday's sell-off, Treasury Secretary Yellen backtracking her remarks about hiking interest rates, JPMorgan Chase CEO Jamie Dimon slams Bitcoin, sources telling David that Equinox is in talks to go public via a SPAC backed by venture capitalist Chamath Palihapitiya, plus earnings winners and losers. UBS CEO Ralph Hamers appeared on the program in his first U.S. television interview since taking the top job at the Swiss bank. He discussed his company's loss related to the Archegos hedge fund scandal, as well as his growth strategy for UBS. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Stocks in the Red Despite Pfizer's Earnings and Vaccine News and States' Reopening Push, Tech Under Pressure, "Inflation" and "Shortages", Bill and Melinda Gates’ Decision to Divorce, Ford Posts Blowout Auto Sales In April, and the Earnings Parade Continues May 04, 2021

Show notes

Carl Quintanilla, Jim Cramer and David Faber explored the pullback for stocks despite states taking additional steps to reopen their economies and Pfizer posting better-than-expected quarterly results and boosting its COVID vaccine sales forecast -- this as the FDA is expected to authorize the vaccine for use in adolescents aged 12-15. Stocks rotating out of big tech names such as Apple and semiconductors. Two words the anchors focused on regarding the markets and many earnings reports: "inflation" and "shortages". With the chip shortage in the spotlight, Intel said it will invest $3.5-billion to expand its New Mexico manufacturing operations -- and Taiwan Semiconductor reportedly set to build additional chipmaking factories in Arizona beyond the one currently planned. The anchors also discussed Bill and Melinda Gates' decision to divorce after 27 years of marriage but continue to work together on their charitable foundation. Breaking news out of Ford: The company reporting a 64.8% surge in auto sales for April, including record demand for electric vehicles. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Warren Buffett vs. Robinhood and SPACs, Verizon Agrees to Sell Yahoo and AOL, Plus a New Month for Stocks After a Bullish April: Will the Run Continue in May? May 03, 2021

Show notes

Carl Quintanilla, Jim Cramer and David Faber began the show by discussing what Berkshire Hathaway Chairman & CEO Warren Buffett and Vice Chairman Charlie Munger said at their company's annual shareholder meeting over the weekend -- from bitcoin and stocks such as Apple to inflation and climate change. Buffett and Munger had some harsh words for SPACs and trading platform Robinhood: Buffett called SPACs a "killer" and criticized Robinhood of catering to the gambling instincts of investors. Robinhood put out a statement slamming Buffett's comments. You'll want to hear the anchors' reaction to Buffett's remarks and whether or not they agree with the "Oracle of Omaha." Verizon making news on the M&A front, confirming it has agreed to sell media assets including Yahoo and AOL to private equity firm Apollo Global Management for $5-billion. The anchors also looked at what to expect from the markets in May following a strong April for stocks. Also in focus: Intel CEO Pat Gelsinger's comments to "60 Minutes" about the chip shortage, plus Charlie Munger sounding off about tax hikes in states such as California -- "I do think it is stupid for states to drive out their wealthiest citizens." Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Stocks Fall Despite Amazon's Blowout Quarter, The Bulls Winning In April, Twitter Tumbles, and Apple vs. the EU Apr 30, 2021

Show notes

On the final trading day of what has been a strong April for stocks, Carl Quintanilla and Jim Cramer led off the show with a look at blowout quarterly results from Amazon which sent the stock higher. They explored Amazon's dominance over retail and the strength in its Amazon Web Services unit -- and that with lots of cash on the sidelines, big tech names such as Amazon, Alphabet and Facebook are poised to benefit. On the flip side, Twitter shares tumble as investor concerns about expenses and the possibility of slower user growth overshadow better-than-expected results. As we end a bullish month of April, the anchors explored whether investors will "sell in May and go away." Cramer digs deep into the stocks he says are coming out of the earnings season "not unscathed." Apple also in the spotlight after the EU accused the tech giant of antitrust violations over App Store rules after a complaint by Spotify -- whose founder and CEO Daniel Ek told the anchors earlier in the week the music streaming service is "fighting for a level playing field." Also in focus: What Caterpillar CEO Jim Umpleby told CNBC about the global chip shortage, and looking back at a blockbuster week of CEO interviews on "Squawk on the Street": You'll hear what the CEOs of Boeing, AMD and Starbucks had to say about the outlook for reopening. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Apple and Facebook Drive the S&P 500 and Nasdaq to Record Highs on the Busiest Day of Earnings Season, President Biden's Message to the Wealthy: "Pay Your Fair Share" in Taxes, and An Exclusive With the CEO of ServiceNow Apr 29, 2021

Show notes

Carl Quintanilla and Jim Cramer delved into the busiest day of earnings season by leading with better-than-expected quarterly results from Apple and Facebook -- both stocks up sharply on the news, resulting in new record intraday highs for both the S&P 500 and Nasdaq. Cramer says the Apple and Facebook numbers are proof that you shouldn't count the FAANG stocks out yet. Carl and Jim also reacted to what Apple CEO Tim Cook said on the company's earnings call about stronger demand -- as well as what he told CNBC about iMac sales in wake of work-from-home trends. Other earnings names in the spotlight included Dow components Caterpillar, McDonald's and Merck. The anchors also discussed Ford CEO Jim Farley telling CNBC that he thinks the chip shortage "may extend in the second half.” President Biden's Wednesday night address to a joint session of Congress also in focus: He pushed his idea of hiking taxes on the wealthy to pay for his economic agenda. His message for the richest Americans: "Pay your fair share." ServiceNow CEO Bill McDermott joined the program to discuss his company's quarterly results that beat analyst estimates but failed to lift the stock. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Earnings on Parade: Big Interviews With the CEOs of Boeing, AMD, Starbucks and Spotify – Plus Market Reaction to Microsoft and Alphabet’s Quarterly Results Apr 28, 2021

Show notes

On a day in which more than 40 S&P 500 companies are reporting quarterly results, Carl Quintanilla, Jim Cramer and David Faber led off a huge show with reaction to a barrage of earnings reports including those out of big tech: Shares of Google parent Alphabet surge after the company posted its most profitable quarter ever, while Microsoft shares fall despite better-than-expected quarterly results and guidance – the company booking its biggest revenue growth since 2018. The anchors and Phil LeBeau interviewed Boeing CEO Dave Calhoun about the company’s sixth-consecutive quarterly loss and why he feels the jet maker has turned the corner as domestic markets rebound. AMD CEO Lisa Su joined the program to discuss her company’s better-than-expected results and how it is navigating the global chip shortage. The anchors also interviewed Starbucks CEO Kevin Johnson about his company’s results and strategy to grow sales amid a ramp-up in COVID vaccinations. We end the hour with Spotify CEO Daniel Ek: The music streaming service’s guidance taking a toll on the stock. You’ll want to hear what he has to say about his bid to acquire legendary UK soccer team Arsenal. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Tesla Shares Fall Despite Record Q1 Results, Reaction to Elon Musk's Message, The Earnings Barrage Heats Up (3M, GE, UPS and More), Plus a Big Boost for GameStop Apr 27, 2021

Show notes

Carl Quintanilla, Jim Cramer and David Faber kicked off the show with an in-depth look at Tesla -- shares down despite record first-quarter results. Cramer sounded off about CEO Elon Musk and Tesla's numbers: "This was not the quarter I expected. It's not the quarter I would go on SNL after." The anchors also reacted to what Musk said on Tesla's earnings call about the company's "insane difficulties" with the supply chain in wake of the chip shortage. Other earnings in the spotlight include 3M, Raytheon, General Electric and UPS. GameStop among the biggest gainers after announcing it had completed the sale of 3.5-million shares, generating proceeds of about $551 million. Also in focus: JetBlue posting a narrower than expected quarterly loss and adding it is seeing a rebound in passenger demand, Eli Lilly shares tumble on a quarterly miss, and Hasbro reports an earnings beat but misses on revenue due to factors related to the pandemic. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

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